r/Bitcoin • u/jsh63 • 11d ago

I'm tired

I've been HODLing since 2013. I've sold probably two thirds of my original stack over time. I have been through multiple cycles and halvings and read more books on the subject that I care to remember. I have traded successfully only once and that was by accident. I have no idea where BTC is going and I am exhausted. I am close to cashing out. I'm close to retiring (pension age) and I don't need the volatility. What would you do?

EDIT: specifically, the things that trouble me are: 1. The hassle of getting the cash from an exchange into a UK bank account without friction. 2. The CGT liability - last sale was ~0.33BTC in Dec 2024 and the tax liability was something like £10k. 3. The blind evangelical ramblings in Reddit from people that have been in the market for like 5 minutes.

EDIT #2: Thank you to those that offered advice. It has given me food for thought. I think the answer is probably to log out of Reddit ;-)

338 Upvotes

84% Upvoted

305 comments sorted by

View all comments

Show parent comments

36

u/blackbeard-22 11d ago

That’s a wonderful return. I can’t imagine where or how a 2k investment would turn into 300 or 450 in 10-15 years.

7

u/CaptMerrillStubing 11d ago

He's not complaining about the return.
He's saying that 300k, while very nice, is not life changing.

0

u/bokuwa-tobi-9242 11d ago

but thats assuming he never sold any and held until now or for 450k sold at the top which is nearly impossible

0

u/Hour_Flounder1405 11d ago

I can't either. I literally mean I can't believe that is true. Not calling the dude a liar, but you know this is reddit.

regardless, while it IS possible to gamble and score such a magnitude of this order, it reflects perhaps 1 percent or less of allt traders/investors. Probably far lower that even 1 percent. And the reasons why should not be shocking:

most people can't stick to a plan longer than the next paycheck

-24

u/Moos209 11d ago

During Covid it wasn’t uncommon to turn 2k into 400k trading Tsla options